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How the HST Housing Rebate Can Help You Own a Home

How the HST Housing Rebate Can Help You Own a Home

If you’re planning to build a new house, or planning to make substantial renovations on an existing house, you could qualify for Ontario’s HST housing rebate. You’ll need to comply with CRA rules and regulations and provide all of the supporting paperwork for the rebate claim.

In addition to owner-built homes, the HST housing rebate also applies to homes that have been renovated in a “substantial” way. Finally, you can also claim a rebate if you’ve converted a non-residential house into a residential house. Here again, supporting papers must be submitted.

How does Ontario’s HST housing rebate work?

To qualify for Ontario’s HST housing rebate, your new home must be your primary residence, or the primary residence for a close blood relative. While proving your primary residency may not be required when applying for your rebate, CRA may ask for proof at some point.

When applying for a rebate, CRA allows two years to make a claim. The two years is calculated from the completion of your new home construction or from the completion of your “substantial” renovation. Your application can be made through tax specialists like Rebate4U.

How much money is available from the rebate?

The idea behind the HST housing rebate is to recover the HST amount that you have paid out on your newly built home or on your “substantial” renovation. In Ontario, HST (Harmonized Sales Tax) totals 13% – it comprises 5% of Federal Tax and 8% of Provincial Tax.

For aspiring homeowners, the rebate program allows for the recovery of a significant portion of the HST paid out. Clearly, this amount varies depending on the total of upfront costs. All relevant invoices, contracts, and legal papers must be submitted with the application.

The experts at Rebate4U can help you to apply

CRA (Canada Revenue Agency) has a good number of regulations when applying for a rebate. For many, this can be a time-consuming process, and quite often frustrating. This is exactly when tax specialists like Rebate4U can be of service. When working with Rebate4U, applying for housing tax rebates is as easy as 1-2-3.

  1. You contact our office at 1-800-610-4510 or email your questions to info@rebate4u.ca.
  2. You forward all your invoices, agreements, legal contracts, and supporting paperwork.
  3. You receive your rebate directly from Canada Revenue Agency in 12 to 16 weeks time.

At Rebate4U, our in-house tax experts manage your entire application process from end to end. We have the experience to streamline the process and attain the maximum rebate possible.

Getting your rebate going with Rebate4U

The team at Rebate4U has processed thousands of CRA rebate applications over the years. At the same time, we’ve obtained millions of dollars in rebates for our clients. Our company is a trusted and reputable service provider, helping our clients to get the maximum rebate amounts possible.

If you’re ready to get things going with your housing rebate application, contact our people at 1-800-610-4510 or e-mail your particulars to info@rebate4u.ca .

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